- Two bond issues with a total volume of Euro 2 billion
- Bond offerings oversubscribed after one hour
- RWE sends strong signal in the financial crisis
RWE today placed two benchmark bonds with a total volume of Euro 2 billion via RWE Finance B.V: one bond with a term of five years and one bond with a term of 10 years. The volume of the bonds is Euro 1 billion each.
The 5-year bond has a coupon of 5,75% p.a. and an issuance price of Euro 99,552, the 10-year bond has a coupon of 6,625% p.a. and an issuance price of Euro 99,289. The bookrunners are Barclays Capital, Calyon, Deutsche Bank, and HVB/UniCredit.
RWE CFO Dr. Rolf Pohlig: "In placing these bonds, we are sending a strong signal which underpins RWE's commitment to its investment programme. It also emphasises our solid and future-oriented financing policy, despite the currently difficult market environment."
The almost fourfold oversubscription as well as the price, which was below market expectations, show that RWE is positively perceived by the market.